Meta’s Reality Labs lost over $4.6 billion in second quarter
Meta CEO Mark Zuckerberg and Meta President and Vice Chair Dina Powell McCormick attend the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 9, 2026. Brendan McDermid | ReutersMeta's Reality Labs unit, which develops virtual reality devices and wearables powered by AI, lost $4.62 billion in the latest quarter.In its second-quarter earnings report on Wednesday, Meta said Reality Labs generated revenue of $431 million, up fro...
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